Konecranes has today completed the acquisition of Jebsen & Jessen’s 50% stake in MHE-Demag, as announced on December 5, 2019. The combined operations of Konecranes and MHE-Demag start on January 2, 2020.
With the acquisition, Konecranes increases its presence and market coverage in strategically important and fast-growing Southeast Asia. In addition, the acquisition allows Konecranes to target total annual synergies of approximately EUR 10 million at the EBITA level by 2022.
The agreement worth about Euro 300,000 will last for 12 months and is part of a Smart and Evolved Digital Port project, of which the Freight component will be dedicated…
View ArticleAccording to the letter: “A strike at this point in time would have a devastating impact on the economy, especially as inflation is on the downward trend…At this critical juncture,…
View ArticleIndustry updates and weekly newsletter direct to your inbox!